Rise of online shopping makes warehouses hot property in India

A worker uses a forklift to remove a pallet of goods from a storage rack in an aisle at the Amazon Inc. fulfillment center in Bengaluru, India, on Tuesday, Sept. 18, 2018. India, with its more than 1.3 billion people, has become a fierce battleground for Amazon.com Inc., and the company has committed some $5.5 billion to building up its network there. Photographer: Ruhani Kaur/Bloomberg

India’s burgeoning logistics sector is gaining favour with property developers and investors, boosted by a growing consumer class’s embrace of online shopping. 

With the nation’s residential market in the doldrums and good quality office space in short supply, logistics assets are attracting global players such as Brookfield Asset Management Inc, Canada Pension Plan Investment Board and Warburg Pincus LLC.